Belkin Inc. has 111,000 shares of $3 par value common stock outstanding. Belkin declares a 51% stock dividend on March 2 when the stock's market value is $83 per share. Prepare the journal entry for declaration of the stock dividend. View transaction list Journal entry worksheet 1 Record the declaration of a 51% stock dividend. Note: Enter debits before credits. Date Mar 02 General Journal Debit Credit Record entry Clear entry View general journal